As Certain as Debt and Taxes: Estimating the Tax Sensitivity of Leverage from State Tax Changes

Chapter in NBER book New Perspectives on Corporate Capital Structure (2015), Viral V. Acharya, Heitor Almeida, and Malcolm Baker, organizers Conference held April 5-6, 2013
Published in December 2015 by Elsevier, Journal of Financial Economics 118(3)

Ljungqvist gratefully acknowledges the generous hospitality of the European Central Bank while working on this project. The views expressed in this paper do not necessarily reflect those of the ECB or the Eurosystem.